HORIZONMarkets
01

Complete project overview

RERA Karnataka · Registration filing
Status
New Project Launch
Units
22 units
Unit mix
3 × Shop · 3 × Shop · 2 × Shop · 2 × Shop · 1 × Shop · 1 × Shop · 1 × Shop · 1 × Shop · 1 × Shop · 1 × Shop · 1 × Shop · 1 × Shop · 1 × Shop · 1 × Shop · 1 × Shop · 1 × Shop
Towers
1
Floors
5
Land area
607 sq m
Built-up area
1,362 sq m
FAR sanctioned
2
Covered area
200 sq m
Open area
407 sq m
Land parcels
1 survey no

Timeline

Project startedMay 2024
RERA registeredOct 2024
Proposed completionSep 2026
TodayJul 2026
Construction progress

100% overall, as filed

Sub-structure100%
Super-structure100%
Finishing100%
Internal infra100%
External infra100%
Amenities100%
Common areas100%
From the promoter's latest quarterly progress report filed with RERA Karnataka — % complete overall and by stage, as of that filing. A dated snapshot, not a live tracker.

Find your unit

Filed by type and size, in the batches the promoter registered — not a per-unit listing. Look yours up.

22 units across 16 batches
TypeArea sq mCount
Shop511
Shop231
Shop281
Shop103
Shop582
Shop91
Shop282
Shop441
Shop271
Shop481
Shop341
Shop151
Shop83
Shop1121
Shop221
Shop1091

Shown in sq m. The filing records square metres; the sq-ft view is a straight conversion. The declared inventory as registered — how many of each type exist, not how many are still unsold (this state's filing carries no booking count).

02

Builder’s track record

RERA Karnataka · Promoter registration

Lotus Properties

Partnership FirmPromoter type
Dakshina KannadaBased in
19Projects
3Cities
2020–presentActive
Timelineevery project, start → promised completion
Builder DNAthe whole portfolio, summed
637 homeson the public record across 19 projects
1,18,590 sq mbuilt-up filed
33,684 sq mland declared
₹249.62 Crdeclared build cost

Build cost is what the promoter declared it costs to build — land plus construction, at registration. It gives a sense of how big a builder this is — not a price you pay, not build quality, and not whether they finish on time.

Planning authoritiesthis builder's portfolio, by approving body
Mangaluru Urban Development AuthorityUrban Development Authoritythis project14 of 19 projects
Pimpri Chinchawad Municipal CorporationMunicipal Corporation2 of 19 projects
Cochin Municipal CorporationMunicipal Corporation1 of 19 projects
Pimpri Chinchawad Municiple Corporation1 of 19 projects
Tripunithura MunicipalityMunicipality1 of 19 projects

Counts are how many of this builder’s projects on Horizon’s record were approved by each body — a footprint, not a ranking of the authorities.

Every project Horizon has read from this promoter, oldest first on the timeline. Dates are the project’s start (where filed) and target-completion dates on the RERA filing; delivery isn’t reported here.

03

Location & price analysis

RERA Karnataka · Registration filing
Taluk
Mangalore
District
Dakshina Kannada
Pincode
575003
Address
Survey no -451/3 Mannagudda Road ,Ballalbagh , Mangalore , Survey no -451/3 Mannagudda Road ,Ballalbagh , Mangalore , Mangalore , Dakshina Kannada, Karnataka - 575003
North boundary
Road
East boundary
Portion of same sub division
South boundary
Portion of same sub division
West boundary
Road
What’s nearby
Schools5 schools within 1km · 8 educational institutions within 1km · College or university 381m away
HealthcareHospital 252m away · 2 clinics within 1km
LifestyleNo parks within 2km · Gym or sports centre 797m away · 18+ restaurants and cafes within 1km
ShoppingSupermarket 510m away · Mall 1.1km away · Convenience store within 1km
Getting around
Expressway 1.9 kmPrimary road 343 m · Mahatma Gandhi RoadRailway line 2.0 kmRailway station 2.2km away (Mangaluru Central)Bus stop within 500m
Water & environment
River 341 mWater body 819 m
distances only — not a flood assessment
Land, title & encumbrance
LandOwned by the promoter
ConversionConverted to non-agricultural
LitigationDeclared free of litigation
As declared by the promoter at registration — a RERA self-declaration, not an authority's independent finding. A flagged line is worth verifying against the title documents; it is not a verdict.
Price analysisdeclared build cost — not a sale price

₹6.66 Cr declared to build 22 flats. What that works out to:

₹30.26 Lakhdeclared cost per flatall-in — land + construction
₹4,540/sq ftof built-up area₹48,871/sq m
35%of the cost is land₹3,530/sq ft of land

This is what the promoter filed it costs to build — land plus construction, at registration — not a sale price. The gap to an asking price is their margin, taxes and anything the filing doesn’t carry.

04

Planning authority

RERA Karnataka · Approved building plan

Mangaluru Urban Development Authority

Urban Development Authority
approved 7 Mar 2024 · 2 yrs ago
Building Permit no. E4/BA 50/2023-24(180199)KANIPA 283/2023-24Survey no. 451/3
The occupancy certificate — the proof that isn’t here

A sanctioned plan is the government’s approval to build. It is not proof the project was built to that plan. That sign-off is the Occupancy Certificate (OC) — issued by the planning authority, the same body that approved the plan, not by RERA— and it isn’t in this record. Ask the builder for it, or check with the authority. Without an OC, banks may decline home loans, and any deviation from the sanctioned plan carries penalty or demolition risk.

Verify it yourself — look up plan E4/BA 50/2023-24(180199)KANIPA 283/2023-24 on the approving authority’s portal to confirm the sanction.

The approving body, at scale

Mangaluru Urban Development Authority

Urban Development Authority

Has approved 440 RERA projectsabout 1 in 20 in Karnataka.

an apartments market96% apartments · 4% plotted layouts. Apartments like yours are this body's core business.

Builders
315
On record
8,036 flats · 698 plots
Reach
6 taluks
Since
2017

More apartment-heavy than Karnataka overall — 96% apartments here vs 62% statewide.

Volume and mix are context, not a verdict — a busier body isn’t a safer project. And this counts RERA-registered projects on Horizon’s record, not all construction.

Complaints register

None on record with RERA Karnataka against this project.

Only disputes escalated to the authority appear on the register — a private disagreement never filed here would not. A count from the public record, not a verdict.

What this record cannot tell you

  • Build quality — no filing records how well it was actually built.
  • Private disputes — only complaints escalated to the authority appear here.
  • What it will be worth — the record is the past; it does not price the future.